UK Economic Performance Since 1997: Growth, Productivity and Jobs
... The big picture We conclude that relative to other major industrialised countries, the UK‟s performance was good after 1997. The growth of GDP per capita – 1.42% a year between 1997 and 2010 – was better than in any of other “G6” countries: Germany (1.26%), the US (1.22%), France (1.04%), Japan (0.5 ...
... The big picture We conclude that relative to other major industrialised countries, the UK‟s performance was good after 1997. The growth of GDP per capita – 1.42% a year between 1997 and 2010 – was better than in any of other “G6” countries: Germany (1.26%), the US (1.22%), France (1.04%), Japan (0.5 ...
Euro-indicators Working Group - United Nations Statistics Division
... 16 indicators included: coincident indicators (C), leading indicators (A), their components (C1, C2… etc and A1, A2,… etc), two sentiment indicators (not included before in the composite indicators because of their short length, but here included as indicative of the economic situation), which are ...
... 16 indicators included: coincident indicators (C), leading indicators (A), their components (C1, C2… etc and A1, A2,… etc), two sentiment indicators (not included before in the composite indicators because of their short length, but here included as indicative of the economic situation), which are ...
fiscal policy in an expectations driven liquidity trap
... A fundamental liquidity traps may occur when a large economic shock causes sufficient deflation such that the ZLB on the short term nominal interest rate becomes binding. One example of such a deflationary shock is a taste shock affecting households preferences for current vs. future consumption. W ...
... A fundamental liquidity traps may occur when a large economic shock causes sufficient deflation such that the ZLB on the short term nominal interest rate becomes binding. One example of such a deflationary shock is a taste shock affecting households preferences for current vs. future consumption. W ...
discretionary fiscal policy and economic activity in greece
... recessionary effects. Both the European Commission (2012b) and the ECB (2012) expressed concerns about the validity of the IMF approach and findings suggesting that they might be driven by outliers, with one of them being Greece itself. Driven by this discussion and need for continued fiscal consoli ...
... recessionary effects. Both the European Commission (2012b) and the ECB (2012) expressed concerns about the validity of the IMF approach and findings suggesting that they might be driven by outliers, with one of them being Greece itself. Driven by this discussion and need for continued fiscal consoli ...
Metroeconomica paper outline proposal (10-04-03)
... long-run trade-off between inflation and unemployment. The main policy implication of this principle is that inflation targeting strategies, namely aggregate demand fine-tuning through interest-rate management with a view to hitting inflation targets, do not affect unemployment, output or any other ...
... long-run trade-off between inflation and unemployment. The main policy implication of this principle is that inflation targeting strategies, namely aggregate demand fine-tuning through interest-rate management with a view to hitting inflation targets, do not affect unemployment, output or any other ...
Are Long-run Price Stability and Short-run Output
... long-run trade-off between inflation and unemployment. The main policy implication of this principle is that inflation targeting strategies, namely aggregate demand fine-tuning through interest-rate management with a view to hitting inflation targets, do not affect unemployment, output or any other ...
... long-run trade-off between inflation and unemployment. The main policy implication of this principle is that inflation targeting strategies, namely aggregate demand fine-tuning through interest-rate management with a view to hitting inflation targets, do not affect unemployment, output or any other ...
Demand Effects of Fiscal Policy since 2008
... government spending and taxation and estimate its impact on output. A second group uses a single equation estimation strategy and either uses exogenous variables such as military ...
... government spending and taxation and estimate its impact on output. A second group uses a single equation estimation strategy and either uses exogenous variables such as military ...
The Influence of IMF Programs on the Re
... result from a boom supported by IMF money. In that case, support gained with the help of Fund credit would outweigh the loss of support due to program conclusion. Nelson (1992) provides additional evidence contradiction the above explanation: “Despite the fact that incumbent governments are likely t ...
... result from a boom supported by IMF money. In that case, support gained with the help of Fund credit would outweigh the loss of support due to program conclusion. Nelson (1992) provides additional evidence contradiction the above explanation: “Despite the fact that incumbent governments are likely t ...
Measuring Business Cycles: A Review
... Jaimovich and Floetotto (2008), argue that the fact that actual technological shocks are smaller than TFP shocks does not imply that technological shocks irrelevant. If we introduce mechanisms such as capacity utilization and revenue diversity into models of real business cycles, we obtain two effec ...
... Jaimovich and Floetotto (2008), argue that the fact that actual technological shocks are smaller than TFP shocks does not imply that technological shocks irrelevant. If we introduce mechanisms such as capacity utilization and revenue diversity into models of real business cycles, we obtain two effec ...
Bade_Parkin_Macro_Lecture_CH05
... they were produced and during which time they were new goods. Financial Assets ...
... they were produced and during which time they were new goods. Financial Assets ...
Chapter 29 AS-AD and the Business Cycle
... 2) What is the NBER's definition of recession? Discuss the relationship between the phases of the business cycle, real GDP and unemployment in the context of the United States economy from 1992 to the present. Answer: The NBER defines a recession as a period of significant decline in total output, i ...
... 2) What is the NBER's definition of recession? Discuss the relationship between the phases of the business cycle, real GDP and unemployment in the context of the United States economy from 1992 to the present. Answer: The NBER defines a recession as a period of significant decline in total output, i ...
Patrick Royal The Economic Effects of Military and Non
... instance, if market participants note that the economy is going through a significant recession, they could intelligently predict that there is a greater possibility of increased government spending in the future. As a stimulus bill is proposed, debated, and finally passed, the market becomes more a ...
... instance, if market participants note that the economy is going through a significant recession, they could intelligently predict that there is a greater possibility of increased government spending in the future. As a stimulus bill is proposed, debated, and finally passed, the market becomes more a ...
Macro-economics of balance-sheet problems and the
... Netherlands. This has caused balance-sheet problems. In response, firms and households in many economies are reducing private debts that have been built up in the past. This process of deleveraging involves reductions in aggregate demand and downward pressure on prices. Moreover, balance-sheet probl ...
... Netherlands. This has caused balance-sheet problems. In response, firms and households in many economies are reducing private debts that have been built up in the past. This process of deleveraging involves reductions in aggregate demand and downward pressure on prices. Moreover, balance-sheet probl ...
Slide 1
... rising oil prices and impact on fundamentals... However,, spikes in oil pressure RevPAR performance and operating margins ...
... rising oil prices and impact on fundamentals... However,, spikes in oil pressure RevPAR performance and operating margins ...
Identifying and characterizing the business cycle: the case of Morocco
... cycle fluctuations are one of the central concepts in macroeconomics. This study is a contribution and a comparison with other studies. Indeed, there are several studies using the business cycle to describe the fluctuations of the economy. Fathi (2007) describes some of the key features of the Tunis ...
... cycle fluctuations are one of the central concepts in macroeconomics. This study is a contribution and a comparison with other studies. Indeed, there are several studies using the business cycle to describe the fluctuations of the economy. Fathi (2007) describes some of the key features of the Tunis ...
Paper - Queen`s Economics Department
... we do not falsely confuse that with cyclical policy. Thus, if both intercepts are higher for Japan than for other countries we would not interpret that information as demonstrating the effects of fiscal policy. The system (1)–(2) is in growth rates to provide stationarity. Combining growth rates and ...
... we do not falsely confuse that with cyclical policy. Thus, if both intercepts are higher for Japan than for other countries we would not interpret that information as demonstrating the effects of fiscal policy. The system (1)–(2) is in growth rates to provide stationarity. Combining growth rates and ...
MacroPractice
... 55. Describe Keynes' criticism of Say's law in a money economy. 56. Explain how the Keynesian view differs from the classical view with respect to saving. Explain further how the two views differ with respect to investment. 57. What type of relationship exists between the marginal propensity to cons ...
... 55. Describe Keynes' criticism of Say's law in a money economy. 56. Explain how the Keynesian view differs from the classical view with respect to saving. Explain further how the two views differ with respect to investment. 57. What type of relationship exists between the marginal propensity to cons ...
Rapid-Growth Markets
... trade links are developing between Asia, the Middle East and Africa, as the more advanced RGMs procure commodities and supply manufactures in exchange. As RGM manufacturers climb the value chain, exports from Europe and the US face intensifying competition. Why import a German printing press to Sene ...
... trade links are developing between Asia, the Middle East and Africa, as the more advanced RGMs procure commodities and supply manufactures in exchange. As RGM manufacturers climb the value chain, exports from Europe and the US face intensifying competition. Why import a German printing press to Sene ...
Reflating Japan: Time to Get Unconventional?
... higher sustainable growth path and end deflation. Since it reinforces the three arrows of Abenomics, we call it Three Arrows Plus. An unorthodox component of the package is an incomes policy aimed directly at sluggish wage-price dynamics. We build on the authorities’ current policies by emphasizing ...
... higher sustainable growth path and end deflation. Since it reinforces the three arrows of Abenomics, we call it Three Arrows Plus. An unorthodox component of the package is an incomes policy aimed directly at sluggish wage-price dynamics. We build on the authorities’ current policies by emphasizing ...
to a PDF of this article which includes
... Economists do not expect growth to accelerate in the next few quarters to the point that it drives the unemployment rate well below 9 percent.10 However, due perhaps to a lack of encouraging economic news over the past several quarters, some have preferred to look at the positives that can be taken ...
... Economists do not expect growth to accelerate in the next few quarters to the point that it drives the unemployment rate well below 9 percent.10 However, due perhaps to a lack of encouraging economic news over the past several quarters, some have preferred to look at the positives that can be taken ...
`UK Economic Performance Since 1997: Growth, Productivity and
... that getting the market environment right is key: strong product market competition, openness to foreign investment, flexible labour markets, a robust welfare to work system and smart regulation are major factors in promoting growth. Government has a role in all of this, setting the rules, and it al ...
... that getting the market environment right is key: strong product market competition, openness to foreign investment, flexible labour markets, a robust welfare to work system and smart regulation are major factors in promoting growth. Government has a role in all of this, setting the rules, and it al ...
MacroPractice
... 55. Describe Keynes' criticism of Say's law in a money economy. 56. Explain how the Keynesian view differs from the classical view with respect to saving. Explain further how the two views differ with respect to investment. 57. What type of relationship exists between the marginal propensity to con ...
... 55. Describe Keynes' criticism of Say's law in a money economy. 56. Explain how the Keynesian view differs from the classical view with respect to saving. Explain further how the two views differ with respect to investment. 57. What type of relationship exists between the marginal propensity to con ...
Introduction to Macroeconomics
... 1. What is macroeconomics? Questions raised by macroeconomics The role of models Modern approach to macro modelling Our approach to macro modelling ...
... 1. What is macroeconomics? Questions raised by macroeconomics The role of models Modern approach to macro modelling Our approach to macro modelling ...